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Sri Lanka Debt to GDP Ratio

Sri Lanka's government debt-to-GDP ratio dropped to 96.1% in 2024, the lowest since 2019, down from 105% in 2023. This decline stems from debt restructuring, economic recovery with an expected 4.4% GDP growth in 2024, improved revenue collection and a smaller budget deficit. The Sri Lankan Rupee's appreciation also lowered the foreign currency debt equivalent. Sri Lanka's record low government debt to GDP was 72.2% in 2017 and record high was 114.2% in 2022.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 96.1%
2023 105%
2022 114.2%
2021 100%
2020 96.6%
2019 81.9%
2018 78.4%
2017 72.2%
2016 74%
2015 78.5%
Sri Lanka Debt to GDP Ratio : Definition
Sri Lanka's government debt to GDP is calculated by dividing total government debt by the nation's Gross Domestic Product (GDP). This ratio shows the public debt burden relative to the size of the Sri Lankan economy. It encompasses domestic and external debt obligations. A higher ratio signals increased financial risk.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 1.2% 1.7% Dec'24
Interest Rate 7.75% 7.75% Sep'25
Private Credit (% GDP) 47.01% 46.7% 2019